coodanup college business plan

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Coodanup College Case Study

Coodanup College Case Study - this case study was developed as part of the updated Family-School Partnerships Framework.

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WATCH NOW: New witness’ bombshell revelation about night girls vanished

Atar results: five mandurah students create history for coodanup community college, wa exam results released online.

For more than 15 years Coodanup College has not produced any students with university entry scores — until now.

Five students from the Mandurah school were among thousands of school leavers checking their Australian Tertiary Admission Rank when exam results were released online last night.

Murdoch University provost and school board member Andrew Taggart, who has long advocated increasing Year 12 aspirations in low socio-economic areas, said Coodanup had not even offered ATAR courses for many years because academic achievement had “slipped off the radar”.

The students had to study one or more of their four Year 12 ATAR courses online through the School of Isolated and Distance Education.

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Journalism for the curious Australian across politics, business, culture and opinion.

“These students have done it tough,” Professor Taggart said.

“Because of small class sizes, Coodanup had the capacity to offer only three ATAR courses last year.”

The college opened in 1989 as Coodanup Senior High School, but between 2001 and 2010 it took only students up to Year 10.

Murdoch University has worked with the school since 2013, creating the “inspire academy” in an attempt to improve academic results.

Professor Taggart said the change in school culture meant students now had role models and teachers were setting the academic attainment bar at a higher level from Year 7 to prepare pupils for the rigour of ATAR courses.

The students plan to study courses ranging from nursing to computer science next year.

Principal Vicki McKeown said she was proud of the school’s achievements and improvements made in recent years.

Tertiary Institutions Service Centre executive officer Wayne Betts said more than 2000 students had accessed their ATAR results within 15 minutes of their release at 5pm, several hours ahead of schedule.

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• Western Australia
• City of Mandurah
• Coodanup College

Coodanup College, City of Mandurah

School is up to Senior High School (Senior Secondary School) and affiliated to Australian Curriculum (Australian Curriculum). The School is a Coed Day School, with classes from VIII to XII. It is an English Medium school.

Government School

Coed - Day School

Gender - Boarding

Australian Curriculum

About School

Know about Coodanup College, City of Mandurah: Board & Curriculum, Admission Procedure, Fees & Fee Structure, Contact Details, Facilities and Ranking, Rating and Reviews.

Coodanup College City of Mandurah, is a Senior High School (Senior Secondary School), affiliated to Australian Curriculum (Australian Curriculum). The School is a Coed Day School, with classes from VIII to XII. It is an English Medium school. The school is located in Mandurah area of City of Mandurah, Western Australia. Coodanup College was established in . It is a Government School .

Class VIII - Class XII

• Australian Curriculum (Australian Curriculum)

School Level

Coodanup College Mandurah is a Coed Day School, which serves the educational needs of hundreds of students from VIII through XII. The classes in Coodanup College for every academic year begins in April.

Checkout everything about Coodanup College, City of Mandurah Western Australia. The best gift you can give to your child is a right school for his/her academic, co-curricular and overall development. Read about Coodanup College Admission Procedure & Policy, Important Dates for Admission, Coodanup College Fee Structure, School Curriculum & affiliation, medium of instruction, level, Extracurricular Activities, Facilities, Alumni, Faculty, Contact Details and other important information. You can also explore list of best schools in City of Mandurah or checkout best Schools in Mandurah City of Mandurah .

Explore Best Schools in Australia by city and Boards of Education: CBSE, ICSE, IB (DP, MYP, PYP), CAIE (IGCSE, Cambridge AS&A Level) and State Boards. Explore list of approved CBSE schools in Australia , Approved accredited CAIE Schools in Australia , Approved ICSE Schools in Australia , and Approved accredited IB Schools in Australia .

SchoolMyKids.com provides Parenting Tips & Advice to parents , Information about Schools near you and School Reviews . Use SchoolMyKids Career Guidance to know about career options and courses for you or your child.

Address & Contact Information

School address.

Wanjeep St, Mandurah WA 6210, Australia

School Chairman & Principal

School contact person, phone number.

+61 8 9581 0900

Email Address

School website.

http://www.coodanup.wa.edu.au/

Admission Details

Academic year, admission period, admission procedure and important dates.

The School has students enrolled from VIII to XII. Find below the admission schedule, procedure, contact details, documents required and instructions for parents for Coodanup College, City of Mandurah admission.

In this section, we will answer the common questions like What is the admission process like and what are the key dates? Is there any admission test? Will School also hold an interview or an interaction? What is the age criterion for admission to Coodanup College City of Mandurah for the upcoming academic year?

Fees Details

Coodanup college fees: fee structure & details.

Refer below for Coodanup College City of Mandurah fee structure and current fees.

You can also call the school's Admission Counsellors for more details.

Infrastructure & Facilities

The Coodanup College campus is spread over acres of land in Mandurah area of City of Mandurah, Western Australia. The School is a K-12 Day School. The School's infrastructure includes but is not limited to:

Sports Facilities (0/42)

• Covered Play Area
• Horse Riding
• Indoor Stadium
• Outdoor Stadium
• Splash Pool
• Table Tennis

Education Facilities (0/6)

• Digital Library
• Career Counseling
• Student Exchange Programs
• Test Center

Classroom Facilities (0/5)

• AC Classrooms
• AV Classrooms
• Air Purifiers
• Air Filter AC Classrooms

Visual and Performing Arts Facilities (0/4)

Laboratories facilities (0/6).

• Laboratories
• Language Labs
• Atal Tinkering Lab (ATL)
• Computer Labs
• Robotics Labs

Transport Facilities (0/2)

• Transport Facility

Boarding Facilities (0/2)

Accessibility facilities (0/4).

• Accessible Parking
• Ramped or Level Entrances
• Accessible Washrooms
• Braille and Large Print Room Numbers

Digital Facilities (0/4)

• AV Facilities
• Interactive Boards

Food and Catering Facilities (0/3)

• Meal Served
• Kitchen & Dining Hall

Safety and Security Facilities (0/11)

• Fire Extinguisher
• Security Guards
• Boundary Wall
• Fenced Boundary Wall
• Speedometer In Bus
• CCTV In Bus
• Fire Extinguisher In Bus
• School Bus Tracking App

Medical Facility Facilities (0/7)

• Medical Facility
• Medical Room or Clinic
• Resident Doctor
• Medical Staff
• Isolation Room
• Dedicated Ambulance

Other Infra Facilities (0/7)

• Kids Play Area
• Activity Center
• Amphitheatre

Extra-Curricular Activities

School clubs and societies.

The School has organisations/Clubs/Societies that organize various activities to develop the skills and extract the best out of every child. These scholastic and co scholastic clubs are a great way to explore the interest of any student or even develop new ones.

Academic Programs

School timings and vacations, what are the school timings.

The school works in Shift 1 (Morning).

Language of Instruction

What is the typical school vacation schedule, school senior secondary streams, school level & classes, which grades will you have in the new session.

Coodanup College is a Junior High School (Secondary School) to Senior High School (Senior Secondary School) for both boys and girls and has following grades/levels

Academics Programme and Curriculum Structure

The Academic session at Coodanup College starts from April. The School provides education to students from VIII to XII.

Coodanup College is a Coed English medium Day School which offers the National curriculum Australian Curriculum, from VIII to XII.

Academic Affiliations

Coodanup College is authorised to offer the following

School Rating & Reviews

based on 9 ratings

SchoolMyKids calculates the ratings based on a machine learned model instead of a raw rating average. The model takes into account factors including the age of a rating, whether the ratings are from verified users and factors that establish reviewer trust worthiness.

Studied or worked here? Share your experience and feedback, review Coodanup College, City Of Mandurah.

Coodanup college, city of mandurah reviews.

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Similar Schools

Similar / nearby schools.

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Frequently Asked Questions (FAQs)

Coodanup college is affiliated to which board.

Coodanup College, City of Mandurah is affiliated to the Australian Curriculum (Australian Curriculum).

What is the process of getting admission into Coodanup College, City of Mandurah?

The Coodanup College, City of Mandurah has students enrolled from VIII to XII. Refer to Admission Section for information on admission process, schedule and key dates.

Is this school a co-educational school?

Yes The Coodanup College, City of Mandurah is a Coed school.

What is the curriculum offered at Coodanup College, City of Mandurah?

Coodanup College, City of Mandurah offers the Australian Curriculum (Australian Curriculum) at various levels of education.

Is this school good? What is the rating of this school?

The Coodanup College is rated 2.6 out of 5 based on 9 reviews on SchoolMyKids.com, largest school reviews and rating platform.

Does Coodanup College offer Hostel facility to students?

No, The school does not have any boarding/hostel facilities to students. The School is Day School.

College Business Plan

When you think of a college business plan , what is often the first thing you think about? The majority may say a business idea of setting up a college or a university for local and international students. Another may see it as a school that offers business as part of their academic course. What reason may it be or what idea you may have, it is always best to have and match it with a business plan. Making a college business plan will also matter and help you in the long run. With that, here are example templates you can download to start now. 

10+ College Business Plan Examples

1. college business plan template.

• Google Docs

2. Centennial College Business Plan

Size: 586 KB

3. Professional College Business Plan

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4. College Business Plan in PDF

Size: 122 KB

5. Developed College Business Plan

6. College Leadership Business Plan

Size: 167 KB

7. National College Business Plan

Size: 181 KB

8. Secondary College Business Plan

Size: 314 KB

9. Operational College Business Plan

10. College Business Operation Plan

11. Community College Business Plan

Size: 235 KB

What Is a College Business Plan?

A college business plan is a handy tool used in order to guide the user to better success and better roads. When you think of starting up a college, or adding a business course to a college, you will also need a business plan with it. A college business plan is seen as a means of gathering steps to making it work. May it be through a simple business plan or a complex one. Regardless, the main purpose of a college business plan is to gather steps or strategies to reach the main goal.

How to Create a College Business Plan

When you plan to make a college business plan, you think carefully about the steps that go with it. The most basic thing to see in a college business plan is the summary of your business and of course the marketing strategies. But these are not enough to make your business plan. To get a good idea, here are simple steps to create your college business plan.

Step 1: Always Plan Ahead

This may sound cliché but the most important thing to remember and to get started is to plan ahead . Do some brainstorming and get to know what you want in your business. This helps by making your college business plan better and can reap a better and positive result. Part of planning ahead is to plan for a title page, a title, or a goal you want to achieve. This can sometimes come off as the most difficult part of the entire business plan.

Step 2: Create Your Executive Summary

The next will be to create your executive summary . In this section of your business plan, you will be talking about your business, the timeline of your business, and any information that will help you explain about your business. Basically the executive summary gives you the opportunity to expound on your business and the description and nature of your college business.

Step 3: Discuss Marketing Strategies

Third step to your college business plan is to discuss marketing strategies . Marketing strategies help in maintaining your business goals. If you are not sure where to begin with your marketing strategies, you can always make a marketing strategies checklist . As this also creates ways in helping you figure out how to attract customers or clients to your business. They must also be practical for your business and your management team to do, or the whole marketing plan and strategies will be pointless.

Step 4: Check on Your Business Plan

From the first three steps to creating your college business plan, you may think that everything will be enough. You must be open to checking, updating, and reviewing your college business plan. The whole point of it is to make sure you are open to the ideas of updating progress reports you are going to be getting through the business plan milestones.

What is a business plan?

A business plan is a lengthy document that has a complete detail of how a business you plan to set up is recorded. The business plan is also seen as a tool or a roadmap to help you find out the best roads to setting up a successful business.

Why do you need to update your business plan?

The main purpose for updating your business plan is because every progress is important. Every single detail that may show positive or negative changes have to be reported in order to keep your business plan updated as well.

What factors are in a business plan?

The factors you need in order to complete a business plan are the most simple and basic things like:

• executive summary
• practical strategies and steps
• a practical timeline and milestones

When you think of a college business plan, you know for a fact that you will need to make the business plan in a practical manner. Your business plan must have everything that you need to make this a success. With that, download any of the examples to start your college business plan now.

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4 reasons Private College 529 Plan is a wise investment for your child's future

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• Savvy parents and grandparents are investing in higher education for their kids.  
• Private College 529 Plan locks in today's tuition rates, saving big on future costs and giving flexibility with school choice. 
• Contributions are secure with the same federal tax benefits as any 529 plan.

What is the best gift you can give your children or grandchildren? While they may argue it's the hottest toy or technology on the market, forward-thinking parents and grandparents know that a good education will benefit their children's lives well into the future. 

LaShanda A. has been saving for her nine-year-old daughter's higher education since kindergarten for just that reason. "My parents grew up in a time when Black people were denied access to many educational opportunities. They always told my brother and me that education is the one thing people can't take away from you — once you have it, it's yours," she said.

"For the career choices that my wife and I made, higher education was very important," said former banker Ben S., adding that he wants his three boys — ages 10, 12, and 14 — to have the same opportunities.

Both LaShanda and Ben have been saving for their children's higher education using Private College 529 Plan. Here's why it might be the perfect fit for your family too.

1. You can lock in current tuition rates to protect against tuition inflation

Ben was drawn to Private College 529 Plan to help him hedge against tuition inflation, given tuition for private colleges in the US has increased 38% over the past decade, according to data from the College Board.

Most state 529 plans are essentially investment accounts, so growth is tied to the markets, but there can also be market loss. Private College 529 Plan allows you to prepay for a portion of tuition now, securing current tuition rates and potentially saving thousands of dollars in the long run. 

LaShanda agreed that the certainty of knowing how much her daughter's tuition would cost was the number one factor in choosing this plan. "No one knows what tuition rates will be in 12 years," she said, adding that the peace of mind is better than any ROI.

2. Your child will be able to look at colleges across the country

Unlike 529 prepaid plans offered by a handful of states, which can have residency requirements or limit use to in-state schools, you can open a Private College 529 account from any state and use your prepaid tuition at nearly 300 private colleges across the country. 

The colleges in the plan range from large research universities to small liberal arts schools, including household names like Stanford, MIT, and Princeton. With so many colleges in the plan, there are options for every academic interest. And when you save in the plan, you don't need to pick a school; you're saving for all of them.

"There's a good mix of top-tier schools in the network," Ben said. "My oldest is starting to get interested in colleges, and a lot of the schools he's excited about are on the list." 

LaShanda shared that seeing her alma mater, Spelman College, on the list of participants confirmed this was the right investment approach for them. "I know if Spelman is partnering with someone, then it's a reputable company," she said, hoping her daughter will also choose to attend Spelman.

3. You can save in a way that works for you while setting your child up for financial freedom 

Private College 529 Plan offers many ways to contribute based on your financial situation, from one-time lump sums to recurring deposits over multiple years.

LaShanda loves how easy it was to set a savings target and schedule monthly deposits to hit the mark by the time her daughter graduates high school. She and her husband both graduated debt-free, and they're determined to provide the same for their daughter by prepaying her entire tuition. It's their way of giving her a head start in life, allowing them to concentrate on their future plans. 

"We have plans to retire when she goes off to college," LaShanda said. "We'll know that this is taken care of, and we can use our money for other things at that point."

Plus, there are plenty of tax benefits that can make investing in Private College 529 Plan a smart move for your kids and yourself. It's a great way to shield your investment growth from taxes: While you can't deduct contributions from your federal taxes, you don't have to pay annual taxes on earnings and withdrawals remain tax-free as long as they are used on qualified educational expenses. 

If you live in one of these nine tax-parity states, you can save in any 529 plan and still get state tax benefits: Arizona, Arkansas, Kansas, Maine, Minnesota, Missouri, Montana, Ohio, and Pennsylvania.

Private College 529 Plan can also be a powerful tool for grandparents and families thinking about estate planning — contributions are considered an exclusion gift, so they are exempt from federal estate tax, qualify for the annual gift tax exclusion, and can be superfunded — meaning you can combine 5 years of annual exclusions into one gift — to dramatically reduce the taxable value of your estate. 

And new this year, distributions from 529 plans owned by family other than parents are not reported on the FAFSA. This means grandparents in particular can have a major impact on their grandchildren's college savings.

4. You have flexibility with your savings

You may have ideas about where your children or grandchildren will go to college, but it's impossible to know for sure. Luckily, even if your kids don't end up going to a school participating in Private College 529 Plan, there are plenty of other ways you can invest the money toward your family's future. 

For instance, you can easily change the beneficiary to a different family member. Ben, who has accounts for each of his three children, explained that if his eldest attends a partner school, he'd allocate funds from all three accounts. 

Moreover, your prepaid tuition is guaranteed for 30 years, so it could even be held for the next generation. You can also roll your funds into another 529 plan or take a refund. And starting this year, unused funds in a 529 plan can be rolled into a Roth IRA for the beneficiary's retirement.

"I think it's the best of both worlds — we can lock in the tuition, but my daughter also has flexibility," LaShanda said. 

Learn more about setting your child up for success with Private College 529 Plan.

Rollovers to other 529 plans, refunds, and Roth IRA rollovers are subject to Private College 529 Plan refund value which is calculated as total contributions adjusted for net investment returns subject to a maximum annual increase of 2% per year or a maximum loss of 2% per year (0% loss after July 1st, 2024), compounded annually.

*Family opens a Private College 529 Plan account for their 8-year-old child and contributes one lump sum with tuition increases of 4% per year. When you save with Private College 529 Plan, you purchase tuition at then-current rates for each college in the plan.

This post was created by Insider Studios with Private College 529 Plan.

• Main content

US, Japan Signal Support for Texas High-Speed Rail Plan

President Joe Biden and first lady Jill Biden welcome Japanese Prime Minister Fumio Kishida at the North Portico for an official State Dinner at the White House in Washington, U.S., April 10, 2024. REUTERS/Evelyn Hockstein

TOKYO/WASHINGTON (Reuters) - The governments of the United States and Japan signalled support for a plan to build the first high-speed rail in the U.S. using Japanese bullet trains after their leaders met in Washington on Wednesday.

Reuters exclusively reported this week that President Joe Biden is seeking to revive interest in the project linking the Texas cities of Dallas and Houston and was likely to raise the issue during Prime Minister Fumio Kishida's state visit.

The project was among several named in a fact sheet published by the White House after the talks outlining "political understandings" that were affirmed during the visit.

"The U.S. Department of Transportation and Japan's Ministry of Land, Infrastructure, Transport and Tourism welcomed Amtrak's leadership of the Texas Central High Speed Rail Project, utilizing Shinkansen technologies," the fact sheet said.

"The successful completion of development efforts and other requirements would position the project for potential future funding and financing opportunities."

While advocates for the project, estimated to cost around $25 billion to $30 billion, hope political support can unlock new public and private cash to finally realise an idea that has been talked about for decades, it still faces potential hurdles in Texas and the U.S. Congress.

The 240 mile (380 km) rail link, which will be built and operated by Texas Central Partners and Amtrak, is expected to cut travel times between the cities to about 90 minutes, from three-and-a-half hours by car.

Japanese state lenders, including the Japan Bank for International Cooperation, have provided loans to help develop the project, which plans to procure "shinkansen" bullet train technology from Central Japan Railway.

Progress with the project would be a win for the Biden administration, which has pushed climate-friendly policies and rail investment.

But it has been opposed by some local groups over land and other concerns and is likely to draw criticism, particularly from hardline Republican lawmakers in the U.S. House of Representatives, who have objected to using public funds for rail projects in the past.

(Reporting by Tim Kelly and Trevor Hunnicutt; Editing by Christopher Cushing)

Copyright 2024 Thomson Reuters .

Join the Conversation

Tags: United States , Japan , Texas

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• Earn Over 150,000 student loan borrowers   will soon have their debt forgiven
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25 million student loan borrowers could see their balances shrink under Biden’s new forgiveness plan

President Joe Biden and his administration are moving forward with plans to provide student debt relief to as many people as possible.

The administration announced Monday the details of its new plan to reduce student debt balances for millions of borrowers. The proposed regulations — which were drafted as part of the months-long negotiated rulemaking process — feature several different ways for borrowers to see their debt balances reduced, if not eliminated entirely. 

The provisions of the plan include forgiving excessive interest that has accrued, discharging balances that have been in repayment for 20 years or more and relief for borrowers who attended now-closed or insolvent institutions.

"[The] plan is focused on the reasons that people are struggling with their student loan debt," James Kvaal, Under Secretary of Education, told CNBC Make It. 

"People who are upside down on their student loans because interest has racked up faster than they could pay it, people who have been making payments on their loans for decades and still owe those loans — it's a sign of how aggressive the President is [being] in tackling the student loan crisis," he said.

The relief provisions will soon be open for a public comment period where the administration will consider revisions to its proposal before it goes into effect. Some provisions are expected to roll out as early as this fall, the administration said.

As with Biden's previous student debt forgiveness proposals, it's possible this plan will come under legal scrutiny if challenged by opponents. But this plan differs from his previous action by using a different legal authority — the Higher Education Act — and narrowing the scope of borrowers eligible for relief.

In the event this plan is enacted and a future presidential administration wanted to repeal it, it would need to go through the same lengthy rulemaking process, Kvaal said.

Here's the relief borrowers may expect to see in the coming months.

Up to $20,000 of accrued interest forgiven

Interest accrues daily on student loans and some borrowers have interest rates as high as 8%. As a result, many borrowers wind up with balances higher than what they initially took out for school, despite making regular payments.

Biden's plan aims to address that "runaway interest" by canceling up to $20,000 of the amount a borrower's balance has grown due to unpaid interest after entering repayment. Single borrowers who earn $120,000 or less and married borrowers earning $240,000 or less who enroll in an income-driven repayment plan would be eligible to have their entire excess interest balances discharged, the administration said. 

Some 25 million borrowers stand to benefit from their interest balances being reduced if the plan goes into effect as proposed. An estimated 23 million of those borrowers will have their entire balance growth forgiven, according to the administration.

Automatic loan discharge for forgiveness-eligible borrowers

The Biden administration has canceled debt for over 1 million borrowers through existing forgiveness programs, including Public Service Loan Forgiveness , income-driven repayment and closed school loan discharges.

The administration estimates another 2 million borrowers are eligible to have their debt forgiven under these programs, but have not yet applied .

The new plan will allow the administration to use available data to identify and automatically clear balances for these borrowers as they are eligible, without borrower action.

Debt forgiveness for long-term borrowers

Another 2 million borrowers could benefit from a provision that will clear debt balances that are at least 20 years old for undergraduate borrowers and 25 years for graduate borrowers. It will apply to undergraduate borrowers with direct loans or direct consolidation loans who entered repayment on or before July 1, 2005, and graduate school borrowers who entered repayment on or before or July 1, 2000.

Currently, borrowers enrolled in the Saving on a Valuable Education plan or other income-driven repayment plans are eligible to have their remaining balances discharged after 20 or 25 years, but the new regulation would eliminate the IDR requirement.

Relief for attendees of 'low-financial-value' programs

The Biden administration has made a concerted effort to "hold colleges accountable when they leave students with mountains of debt and without good job prospects," it said in its statement. 

As such, the new plan would waive loans for borrowers who attended institutions or programs the administration identifies as "low-financial-value."

That includes schools that have lost eligibility to receive federal student aid or were denied recertification due to cheating or taking advantage of students, as well as programs that have since closed or have a history of leaving students with high debt loads and poor earnings outcomes.

Help for borrowers facing financial hardship

The administration says it is committed to pursuing a "specific action" for student loan borrowers experiencing a variety of financial hardships , although it's not yet clear who may receive relief and to what degree their balances will be reduced.

"This could include delivering automatic forgiveness to borrowers predicted to be likely to default on their loans, or through an individualized applications where borrowers could detail their financial hardship that is preventing them from being able to fully pay back their loan, such as a child care or medical expense," the administration said in its statement.

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President Biden announces new student loan forgiveness plans that could benefit 23 million Americans

Borrowers who don't complete their degrees often face worse student loan debt burden.

Biden's new plan would provide $5,000 in debt relief for 10 million borrowers.  ( iStock )

President Biden just announced his new plan to provide student loan debt relief. When paired with the other cancellations the Biden Administration has provided, this relief would apply to more than 30 million Americans.

The President traveled to Madison, Wisconsin to reveal his plans. If implemented, these plans would eliminate accrued interest for 23 million borrowers and would cancel the debt for more than four million borrowers. An additional 10 million borrowers would receive at least $5,000 in debt relief, a slight adjustment to Biden’s original student loan debt cancellation that would have provided $10,000 in forgiveness for many borrowers. The original plan was struck down by the Supreme Court last year.

"Today, too many Americans — especially young people — are saddled with sustainable debts in exchange for college," Biden told a crowd while visiting Madison Area Technical College. "The ability for working and middle class folks to repay their student loans has become so burdensome that a lot can’t repay, even decades after being in school."

Under the new plan, certain borrowers could receive $20,000 in debt cancellation if the borrower’s balance has grown due to unpaid interest. There are no income limits for this potential forgiveness. For low and middle-income borrowers currently enrolled in the SAVE plan or other income-driven repayment plans, Biden’s plan may provide complete forgiveness of their entire debt balance.  

If you have private student loans, federal forgiveness and relief doesn't apply to you. If you're looking to lower monthly payments, consider refinancing your student loans. Lock in some of the lowest interest rates ever via the online marketplace Credible .

MILLIONS OF BORROWERS TO SEE STUDENT LOAN PAYMENTS DROP IN JULY AFTER SAVE ADJUSTMENT

Students who don’t complete college often deal with worse debt

Students who take out student loans but never finish their degree, struggle to pay their debt down more often than those who complete their degrees. This occurs because the payments are higher than the income provided by the jobs non-graduates secure.

Borrowers who didn’t complete their degrees now owe $918 million overall, which is 6% more than they borrowed in the first place, a study from the HEA Group revealed. The group of borrowers who did complete their degrees owe a combined $3.2 billion — 6% less than the amount they borrowed.

The study found that the degree level also made a difference in repayment timelines. Borrowers who complete four-year degrees owe 8% less on their federal student loans. Those who didn’t complete their four-year degrees now owe 6% more than what they originally took out.

To save on your monthly student loan payments, you may want to consider refinancing. An online tool like Credible can be handy for comparing student loan refinancing rates from multiple lenders without affecting your credit score.

SOME STUDENT LOAN BORROWERS ARE GETTING REFUNDS ON TOP OF LOAN FORGIVENESS, HERE’S WHO QUALIFIES

Student loan debt makes saving for retirement difficult for many

The burden of student loan debt is making saving for retirement a difficult goal for many borrowers. Balancing high-cost payments with retirement contributions is difficult for those already struggling to make ends meet.

For employees with incomes of less than $55,000 who make regular student loan payments, the average percentage the employee contributes toward retirement is 5.3%, the Employee Benefit Research Institute found . Employees without student loan payments contribute 5.7%, on average, to their retirement accounts, the study said.

The difference grows for workers with higher incomes. Employees that make student loan payments and earn $55,000 or more each year contribute 6.1% to their retirement accounts, on average, compared to the 7.3% those without student loans contribute.

If you can qualify for a student loan refinance at a lower rate than you're currently paying, there are often few downsides to refinancing. You can use Credible to compare student loan refinancing rates from multiple private lenders at once .

REPUBLICAN STATES FILE SUIT TO STOP BIDEN'S SAVE STUDENT LOAN REPAYMENT PLAN

Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.